Home > Case Study, Construction, HELOC, Purchase, Term Loan > Case Study – HELOC and Bridge Loan for Purchase and Construction of new Primary Residence (Los Angeles)

Case Study – HELOC and Bridge Loan for Purchase and Construction of new Primary Residence (Los Angeles)

helocOPPORTUNITY: Request for financing to purchase tear down for construction of new primary residence.

PROFESSION: Entertainment NET WORTH: High

SOLUTION: HELOC on primary residence as down payment to avoid the need to liquidate securities.  Bridge Loan to purchase property.

Value: $1,900,000

Mortgage: $580,219

LINE OF CREDIT: $749,000

Value: $1,675,000

Mortgage: $0

LOAN: $900,000

CASE CLOSED JULY/OCTOBER, 2012

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